Published: 2026-07-17T01:24:03.000Z
Chart EUR/USD Update: Lower in consolidation
1
Turned down from the 1.1482 high to consolidate below resistance at the 1.1450 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600/20 | * | congestion, 15 Jun high | S1 | 1.1410/00 | * | Mar low, congestion | |
| R3 | 1.1550/75 | ** | congestion, May low | S2 | 1.1378 | * | 13 Jul low | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1325 | ** | 24 Jun YTD low | |
| R1 | 1.1450 | congestion | S4 | 1.1300 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Turned down from the 1.1482 high to consolidate below resistance at the 1.1450 congestion. Positive daily and weekly studies suggest room for stronger gains to retrace losses from the April swing high. Above 1.1450 will see scope to the 1.1500 level. Would take break here to turn focus to strong resistance at the 1.1550/75 congestion and May low and the 1.1600 level. Meanwhile support remains at the 1.1410/00 area which should underpin and sustain gains from the 1.1325 June current year low.